AUZ 7.69% 1.2¢ australian mines limited

Ann: Trading Halt, page-148

  1. 3,294 Posts.
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    So they’re looking to just skate through until September.
    $8million would have been better to give them
    some breathing room.

    They’ve just started the clock again & if NAIF doesn’t come through they will be back to a weak position to negotiate from.

    SK etc will just watch the clock tick down.

    I’m guessing quite a few holders are really getting tired of seeing a certain person’s name & signature attached to these things.

    $5.76 to extract with a lower cut off & smaller deposit than some others. Ouch.

    Miner? Battery maker? Alloy pioneer?

    Stick to mining. Core business activity.
    Eyes on the prize- nickel & cobalt.

    If you have assets which are not part of that core activity then get rid of them & stop acting like you’re going to be the biggest & best at everything when you haven’t even got enough cash in the bank to survive on your own for at least a year.

    I’m pretty sure even the biggest established battery makers haven’t pretended that they are miners. ( even though they could thanks to their financial firepower ).

    If I was 100% ( as close to as humanly possible ), my mine was going to be built I’d be 100% focused on making that happen.

    Mine. Battery maker ambitions. Alloy maker ambitions. 3 items of focus. Being simple I’ll say they have 33% belief in each of those avenues or at least that their focus is somewhat divided by 3 targets.

    For the past 6-12 mths the board has failed to prove people with my point of view wrong.

    It’s high time they did so. At least once.
 
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